Red

Who is Kenny and do they both agree today?

Tony Caldero's blog
http://caldaroew.spaces.live.com/

He states that this correction looks “exactly like the june july correction”

Like it did in July we correct into March (bad ? employment figure)

I believer Strause “jaywiz” says a big down move March 8th

dreadwin,

I wasn't making up the futures being down.

I mean IB showed them down. Small red numbers.

They don't seem to use closing numbers for comparison — maybe 15 or so minutes after the close. Maybe.

I hope you are right. Sounds like we need to be alert tomorrow.

I'll shoot you guys an email if some one else doesn't beat me to it.

Dread, If you see that will you post to such?

I have to admit, I didn't think it would get this high. Not at all. But… that's what a wave 2 is supposed to do! Scare the crap out of bears and give hope to the bulls.

my educated guess is we gap lower on the open and then tag the MIDDLE Boll. Band tomorrow at 1082 or so, then rally hard to unchanged or so.

Thurs. unemployment claims. Last week was low (read stronger economy) BUT there was the snowstorm. I think people didn't get around to making the claims (have to drive into “town”) So the next week (we'll see tomorrow) the number will be extra high (read week economy). This may accentuate the “theoretical” gap lower tomorrow.

Dread, the $Rut broke above the 68% fib line (622). I hope that's it and it comes back down for a while.

dreadwin,

I see what you mean. He did call the top on that one. He got a bigger drop than he called for, but I can forgive that 🙂